A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm's cash conversion cycle is ________ days.
A) 60
B) 52
C) 41
D) 90
D) 90
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Witt Company maintains a continuous record of purchases, materials issued into production and balances of all goods in stock, so that inventory valuation data is available at any time. This is an example of a(n)
a. perpetual inventory system. b. inventory control account. c. periodic inventory system. d. inventory cost method.
Which of the following opinions is necessary for a company to avoid unfavorable repercussions on the company?
A) an adverse opinion B) a qualified opinion C) a disclaimer of opinion D) an unqualified opinion
Which of the following is an effective strategy for companies that want to provide strong internal communication?
a. Promote open exchange of honest, candid communication. b. Choose one communication channel and use it consistently. c. Carefully define the types of questions employees may ask management. d. Keep employees informed of good news but avoid reporting the bad.
The ______ staffing strategy of multinational organizations involves using a mix of nationalities within regions.
A. polycentric B. ethnocentric C. geocentric D. regiocentric